Business

5G Services Commence at Char Dham Temples by Reliance Jio

Reliance Jio, one of India’s leading telecom operators, announced the launch of its True 5G services at the Char Dham temples in Uttarakhand. The service was inaugurated at Badrinath by the Badrinath Kedarnath Temple Committee (BKTC) Chairman Ajendra Ajay on Thursday, as the doors of the temple were opened for devotees. The service is expected to provide high-speed internet access to all Jio…
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Business

Shree Radhe Dairy crosses Rs. 100 crores in turnover; projects Rs. 1000 crores by 2026

Surat, India, Shree Radhe Dairy, located in Surat, Gujarat has achieved a turnover of Rs. 100 crores for the fiscal year ended 31st March 2023 and is expected to touch the Rs. 1000 crores mark by 2026. This impressive achievement is the result of dedication and years of hard-work. The Company is focused on providing chemical & preservatives-free, high-quality and minimally processed Ghee…
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Business

Rupee trades in a limited range versus US dollar during early trading

On Tuesday, the rupee was seen trading in a limited range against the US dollar in the morning session. The American currency appeared to be weak while domestic equities showed a muted trend. Foreign fund outflows further weighed on the local unit, according to forex traders. The rupee began trading at 81.95 against the dollar at the interbank foreign exchange, and touched a high of 81.86 in the…
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Business

The bankruptcy of Silicon Valley Bank and its impact on the markets by Antonio Velardo

The banking crisis and subsequent collapse of Silicon Valley Bank presents a compelling case study that deserves analysis. Antonio Velardo tells us how SVB, one of the main lenders of venture capital funds and emerging technology companies, sank. The problem of diversification The bankruptcy of Silicon Valley Bank was partly due to the lack of diversification of its investments. Much of its…
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Business

Manish Saini - A Force to Reckon with!

Manish Saini, an eminent name in the steel business is altering the course of the enterprise in creative ways than ever done before. His approach to Manufacturing TMT bars in an ethical environment has received accolades from people of all strata’s alike. His Vision to create quality products and yet make them viable at the same time has ensured that TMT Bars brand of ‘Birla TMT Steel’ has…
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Business

Hutech Solutions announces the appointment of Hemanth Kumar Narayanan as its Chief Technology Officer

Bengaluru (Karnataka) [India], April 18: Hutech Solutions, a team of technology experts specializing in digital product development, announced today that Hemanth Kumar Narayanan has joined as its Chief Technology Officer. Hemanth will be responsible for leading Hutech’s technology vision and product innovation strategy. “Hemanth is a tremendous addition to our team. With his extensive…
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Business

IT counters weigh on early trade causing markets to decline; foreign funds exit

Equity benchmark indices witnessed a downfall for the third consecutive day on Wednesday, weighed down by weak trends in IT counters and foreign fund outflows. The negative sentiment was also fueled by weak global market trends. The BSE Sensex declined by 168.88 points to 59,558.13, while the NSE Nifty fell 48.35 points to 17,611.80. Among the major Sensex firms, Infosys, HCL Technologies, Asian…
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Business

Invesco offloads Rs 1,004 crore stake in Zee Entertainment Enterprises Ltd

US-based investment firm Invesco has sold its entire stake of 5.11% in Mumbai-based media and entertainment company Zee Entertainment Enterprises Ltd. The sale was made through an open market transaction, with the shares being bought by Segantii India Mauritius, Morgan Stanley Asia Singapore Pte, and Goldman Sachs Singapore Pte ODI, among others. The shares were sold at an average price of Rs…
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Business

Shortage of Merc EVs as demand surges

Mercedes Benz India Limited (MBIL) is facing a supply crunch in electric vehicles, hindering its expansion in the segment despite the high demand for EVs worldwide. CEO and Managing Director Santosh Iyer has stated that the Indian subsidiary currently does not have clear visibility on the availability of cars. However, the company plans to launch four new EVs in the next 12 to 18 months. Iyer…
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